MetLife Investment Management Closes Galaxy 38 CLO

MetLife Investment Management expands its CLO platform with the $450 million Galaxy 38 deal, the Leveraged Finance team’s 45th CLO issuance.

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09/16/2026 - 08:30 AM

WHIPPANY, N.J.--(BUSINESS WIRE)-- MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced the close of Galaxy 38 CLO, Ltd. (Galaxy 38), a $450 million target par new issue collateralized loan obligation (CLO).

PineBridge Investments, which is part of MIM, serves as collateral manager for the transaction. BofA Securities, Inc. acted as arranger. Galaxy 38 marks the 45^th CLO issuance by the Leveraged Finance team, building on the team’s long-standing track record in the CLO market.

“Galaxy 38 marks another important milestone for MIM’s CLO platform and reflects the consistency of our approach,” said Kevin Wolfson, U.S. CLO and leveraged loan portfolio manager. “As MIM continues to grow and scale its platform, we remain focused on disciplined portfolio construction and fundamental credit selection as we seek to deliver attractive outcomes for investors.”

Dan Sherry, U.S. CLO portfolio manager, added: “Reaching our 45^th CLO issuance reflects the depth of experience the team has built over many years. As part of MIM, we believe we are well positioned, drawing on the broader resources and capabilities of the MIM platform.”

The Leveraged Finance team has managed CLOs since 1999 through a global platform with investment professionals in the United States and Europe, covering U.S. and European loans, high-yield bonds and CLOs. As of June 30, 2026, PineBridge Investments managed $26.0 billion in leveraged finance assets, including $12.8 billion in CLO assets under management across PineBridge-managed CLOs and CLO tranche investments.

About MetLife Investment Management
MetLife Investment Management, LLC and certain of its affiliates (“MIM”), the institutional asset management business of MetLife, Inc. (NYSE: MET), provides tailored investment management solutions to institutional investors worldwide. MIM has global expertise in public fixed income, private fixed income, real estate, equity, alternatives, multi-asset, and insurance solutions and provides public and private pension plans, insurance companies, endowments, funds and other institutional clients with a range of bespoke investment solutions that seek to meet a range of long-term investment objectives and risk-adjusted returns over time. As of June 30, 2026, MIM had $748.1 billion in total assets under management. For more information, see MIM’s Total Assets Under Management fact sheet for the quarter ended June 30, 2026 available on MetLife's Investor Relations web page (https://investor.metlife.com).

About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Asia, Latin America, Europe and the Middle East. For more information, visit www.metlife.com.

Forward-Looking Statements
The forward-looking statements in this news release, using words such as “believe,” “continue,” “remain,” “seek” and “well positioned” are based on assumptions and expectations that involve risks and uncertainties, including the “Risk Factors” MetLife, Inc. describes in its U.S. Securities and Exchange Commission filings. MetLife’s future results could differ, and it does not undertake any obligation to publicly correct or update any of these statements.